Kiva Capital Management
Kiva Refugee Investment Fund

Founded in 2005, Kiva has long been a provider of zero-interest, risk-tolerant capital through its Kiva.org crowdfunding platform. Building on this historical lending expertise, Kiva launched its impact-first asset management subsidiary, Kiva Capital Management, in 2019 to help connect impact investors to social enterprises in need of additional capital to scale. As early as 2016, Kiva.org had begun piloting select lending to refugees, a segment considered particularly high risk even by impact investors. Having successfully deployed over $20M in loans over 5 years to these communities, Kiva launched KRIF in 2021 to increase the amount of funding for financial services institutions working with both refugees and populations at risk for migration. Supported by a wide range of partners including the Soros Economic Development Fund, Sobrato Philanthropies, Mercy Investment Services, and ImpactAssets, KRIF closed on over $30M in funding to deploy to partners in the Middle East, Africa, and Latin America. Ceniarth committed $750K to this transaction.